Key Developments: Qualcomm Inc (QCOM.O)
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18 Jun 2013
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Latest Key Developments (Source: Significant Developments)
Qualcomm Inc's Subsidiary And FanVision Announce Alliance Advancing In-Venue Mobile Broadcast Services Over LTE
Qualcomm Inc announced that its subsidiary, Qualcomm Labs Inc and FanVision Entertainment LLC, a media, entertainment and technology company, have signed a marketing and technical cooperation agreement. Under this multi-year agreement, Qualcomm Labs will promote FanVision's in-venue broadcast service in conjunction with Qualcomm Labs' LTE Broadcast middleware software. The two organizations will focus on expanding the availability of FanVision's live in-venue content delivery platform by leveraging the benefits of emerging LTE Broadcast networks using Qualcomm Labs' LTE Broadcast middleware software. Furthermore, with respect to LTE Broadcast, FanVision will offer exclusively its in-venue broadcast service on, as well as exclusively license its patents in connection with, terminals utilizing Qualcomm Labs' LTE Broadcast Middleware. Full Article
NY Pension Fund Sues Qualcomm Inc-Reuters
Reuters reported that New York State’s public pension fund has sued Qualcomm Inc seeking to force the chipmaker to reveal its political spending, according to the state comptroller. The suit was filed late on January 2, 2013 in Delaware Court of Chancery, after Qualcomm refused the request by the New York State Common Retirement Fund a Qualcomm shareholder to inspect records detailing the use of corporate resources for political activities, said state comptroller Thomas DiNapoli, who oversees the fund. The suit opens a new front in the fight over corporate political spending, which has risen dramatically since the U.S. Supreme Court’s 2010 ruling in Citizens United. That decision lifted restrictions on corporate political spending and led in part to an unprecedented $6 billion of spending on the recently held U.S. elections. While other companies have agreed to increase their disclosure of political spending, Qualcomm has not, the lawsuit said. A spokeswoman for San Diego, California-based Qualcomm said the Company had no immediate comment. Full Article
Activecare Inc Announces Collaboration With Qualcomm Inc's Qualcomm Life, Inc
Activecare Inc announced that it will be collaborating with Qualcomm Life, Inc., a subsidiary of Qualcomm Incorporated, to more efficiently provide chronic disease management telehealth solutions to members. ActiveCare has completely integrated patient monitoring and predictive informatics technology with Qualcomm Life's 2net Platform. Full Article
Sharp Corp Announces Capital Alliance with Qualcomm, Inc. and Display Technology Development Agreement with Qualcomm's Subsidiary Pixtronix, Inc.
Sharp Corp announced that it has reached an agreement with Pixtronix Inc., a subsidiary of Qualcomm Incorporated, concerning the development of Pixtronix's MEMS displays. In addition, Sharp signed the capital alliance agreement and will issue new shares by a third party allotment with Qualcomm Incorporated as the allottee. Sharp is planning to accept up to JPY 9.9 billion from Qualcomm in equity investment to pursue this joint development. This capital will be used for the development of MEMS display and necessary capital investments related thereto targeting for the achievement of the technology for commercialization. Full Article
Qualcomm Inc Acquires Assets of EPOS Development, Ltd
Qualcomm Inc announced that it has acquired certain assets of EPOS Development, Ltd. (EPOS), a developer of ultrasound technologies for input solutions, including pen, stylus and gesture recognition. Terms of the transaction were not disclosed. Full Article
Intel Corp, Qualcomm Inc May Invest $378 Million In Sharp Corp-Reuters
Reuters reported that Intel Corp and Qualcomm Inc are in talks to jointly invest about JPY30 billion ($378 million) in Sharp Corp. Sharp may reach an agreement as early as the end of November 2012 with Qualcomm. Full Article
Qualcomm Inc Issues Q1, FY 2013 Guidance
Qualcomm Inc announced that for the first quarter of 2013, it expects revenues in the range of $5.6-$6.1 billion, Non-GAAP Diluted earnings per share (EPS) in the range of $1.08-$1.16 and GAAP Diluted EPS in the range of $0.90-$0.98. For fiscal 2013, the Company expects revenues in the range of $23.0-$24.0 billion, Non-GAAP operating income in the range of $8.1-$8.6 billion, GAAP operating income in the range of $6.6-$7.1 billion, Non-GAAP Diluted EPS in the range of $4.12-$4.32 and GAAP Diluted EPS in the range of $ $3.40-$3.60. Full Article
Qualcomm Inc Declares Quarterly Cash Dividend
Qualcomm Inc announced that quarterly cash dividend of $0.25 per common share, payable on December 21, 2012, to stockholders of record at the close of business on December 7, 2012. Full Article
Qualcomm Inc And Semp Toshiba Sign 3G/4G License Agreement
Qualcomm Inc and Semp Toshiba announced that they have entered into a 3G and 4G license agreement. Under the terms of the agreement, Qualcomm has granted Semp Toshiba a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and TD-SCDMA, and 4G OFDMA (e.g., LTE) subscriber units. The royalties payable by Semp Toshiba are at Qualcomm's standard worldwide rates. Full Article
ParkerVision Inc to Amend Claims of Indirect Infringement Against Qualcomm Inc Following Court Ruling
ParkerVision Inc announced that it will amend its claims of indirect infringement against Qualcomm Inc following a ruling issued by the U.S. District Court in the Middle District of Florida in ParkerVision's patent infringement case against Qualcomm. On August 23, 2012, the court granted Qualcomm's previously filed motion to dismiss ParkerVision's claims of indirect infringement citing a recent federal appeals court ruling which changed the pleading requirements. The court also allowed ParkerVision to amend its pleadings to conform to the new rules. The deadline for filing the amended pleadings is August 31, 2012. In July 2011, ParkerVision filed a complaint in the United States District Court of the Middle District of Florida against Qualcomm seeking unspecified damages and injunctive relief for infringement of six ParkerVision patents related to radio-frequency receivers and the down-conversion of electromagnetic signals. The trial is scheduled to begin August 5, 2013. Full Article
Intel revamps Atom chips in bid to find mobile footing
SANTA CLARA, California, May 6 - Intel Corp on Monday unveiled the most extensive overhaul of its Atom mobile processors, with improved performance that the PC chipmaker expects will help it challenge Qualcomm in smartphones and tablets.
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